When There Is a Negative Externality, the Marginal Private Cost

question 222

Multiple Choice

When there is a negative externality, the marginal private cost of production ________ the marginal social cost of production.

• A)is greater than
• B)is equal to
• C)eliminates
• D)is less than

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Definitions:

Dial-Up

A form of Internet access that uses telephone lines to establish a temporary Internet connection via a modem, characterized by relatively slow data transmission speeds.

Fiber-Optic

A technology that uses thin strands of glass or plastic fibers to transmit data as pulses of light, known for high-speed data transfer and long-distance communication capabilities.

Cable

A thick wire covered by an insulating material, used for transmitting electricity or telecommunication signals.

Piggybacking

The process of connecting to a wireless network without the permission of the owner of the network.